Question 1

Which of the following types of budgets plot anticipated sales or revenues against expenses?

Accepted Answer

A)   zero-based budgets
B)   nonmonetary budgets
C)   financial budgets
D)   operating budgets
E)   fixed budgets

Question 2

___ is a management function that guides the efforts of human resources to ensure high levels of task accomplishment.

Accepted Answer

A)   Leading
B)   Directing
C)   Resourcing
D)   Organizing
E)   Processing

Question 3

Company FUN, a toy manufacturer, has discovered that one of its suppliers has used lead based paint on one of its products. It is Thanksgiving week. The executive committee has assembled a team to devise a plan to mitigate the issue. FUN is using ___.

Accepted Answer

A)   tactical planning
B)   strategic planning
C)   functional planning
D)   production planning
E)   mitigation planning

Question 4

___ is the process of setting objectives and determining how to accomplish them.

Accepted Answer

A)   Directing
B)   Controlling
C)   Leading
D)   Organizing
E)   Planning

Question 5

A fixed budget is defined as one that allocates a fixed amount of resources for a specific purpose.

Accepted Answer

A) True 
 B)False

Question 6

Identify and briefly describe each of the five major planning tools and techniques that managers use.

Accepted Answer

The five major planning tools and techni...

Question 7

Which of the following is true of planning?

Accepted Answer

A)   It is done by managers at scheduled times.
B)   It is a one-time process.
C)   It doesn't need to be evaluated or monitored for viability.
D)   It can include the active participation of all employees.
E)   It can deliver results even without implementation.

Question 8

In business, tactical plans often take the form of operational plans that indicate how different components of the enterprise will contribute to the overall strategy.

Accepted Answer

A) True 
 B)False

Question 9

___ identifies alternative courses of action to take when things go wrong.

Accepted Answer

A)   internal benchmarking
B)   contingency planning
C)   external benchmarking
D)   goal setting
E)   staff planning

Question 10

Forecasting is a process of making quantitative or qualitative predictions about what will happen in the future; yet in the final analysis, forecasting is subject to error because it always relies on human judgment and interpretation.

Accepted Answer

A) True 
 B)False

Question 11

Nimble Industries operates as a labelling and packaging supplier within the consumer package good industry. Nimble has observed that a lot of its growth is going to come from overseas customers. It recognized that hosting locations throughout the world to ease workflow processes for its customers would be integral to its international success. Nimble will need to hire ___ to make this growth to happen.

Accepted Answer

A)   line managers
B)   project managers
C)   middle managers
D)   staff planners
E)   collabourators

Question 12

Morrison Associates, a law firm, encourages its lawyers to learn from each other about how they can handle their cases better. It encourages the lawyers to share their best practices and collectively work toward meeting the objectives of the firm. This is an example of ___.

Accepted Answer

A)   internal benchmarking
B)   forecasting
C)   functional planning
D)   tactical planning
E)   external benchmarking

Question 13

When job performance is difficult to quantify, performance objectives can be stated as ___.

Accepted Answer

A)   short-range plans
B)   benchmarks
C)   verifiable work activities
D)   measurable end products
E)   deliverables

Question 14

Which of the following statements best distinguishes between procedures and policies?

Accepted Answer

A)   Procedures help obtain organizational objectives; policies do not.
B)   Procedures present a plan of action for specific situations; policies are broad guidelines.
C)   A procedure is a single-use plan; a policy is a standing plan.
D)   Procedures guide ethics; policies guide fair employment.
E)   A procedure is a standing-use plan; a policy is a single-use plan.

Question 15

In the planning process, ___ are the specific results or desired outcomes that one intends to achieve.

Accepted Answer

A)   objectives and goals
B)   beliefs and culture
C)   procedures
D)   policies
E)   guidelines

Question 16

Which level of management spends more time with long-range planning?

Accepted Answer

A)   lower-level managers
B)   middle-level managers
C)   lower-level and middle-level managers
D)   top-level managers
E)   all levels of management

Question 17

Which of the following is true about the use of staff planners?

Accepted Answer

A)   It can lead to a communication gap between planners and implementers.
B)   It can lead to an increase in commitment to implement the plans.
C)   The use of staff planners can lead to a short-term rather than a long-term focus.
D)   Very few organizations use staff planners as they don't bring any expertise to the planning process.
E)   The use of staff planners always reduces the focus of the planning team.

Question 18

Which of the following statements about focus is correct?

Accepted Answer

A)   An organization with focus knows what it does best.
B)   An organization with focus knows the needs of its customers and knows how to serve them well.
C)   An individual with focus knows where he or she wants to go in a career or situation and can retain that objective even in difficult circumstances.
D)   all of the above
E)   none of the above

Question 19

In which phase of the planning process would one choose the alternative to accomplish one's objectives and describe what must be done to follow the best course of action?

Accepted Answer

A)   analyzing alternatives and making a plan
B)   defining the objectives
C)   implementing the plan and evaluating results
D)   determining where one stands vis-à-vis objectives
E)   developing premises regarding future conditions

Question 20

Operational plans define what needs to be done in specific functions or work units to implement strategic plans and achieve strategic objectives.

Accepted Answer

A) True 
 B)False

Exam 8: Planning Processes and Techniques

Identify and briefly describe each of the five major planning tools and techniques that managers use.

Correct Answer
verified
The five major planning tools and techni...
View Answer

___ is the process of setting objectives and determining how to accomplish them.

Correct Answer
verified

Which level of management spends more time with long-range planning?

Correct Answer
verified

In which phase of the planning process would one choose the alternative to accomplish one's objectives and describe what must be done to follow the best course of action?

Correct Answer
verified

Which of the following types of budgets plot anticipated sales or revenues against expenses?

Correct Answer
verified

Correct Answer
verified

Operational plans define what needs to be done in specific functions or work units to implement strategic plans and achieve strategic objectives.

Correct Answer
verified

___ is a management function that guides the efforts of human resources to ensure high levels of task accomplishment.

Correct Answer
verified

Which of the following is true of planning?

Correct Answer
verified

Forecasting is a process of making quantitative or qualitative predictions about what will happen in the future; yet in the final analysis, forecasting is subject to error because it always relies on human judgment and interpretation.

Correct Answer
verified

Morrison Associates, a law firm, encourages its lawyers to learn from each other about how they can handle their cases better. It encourages the lawyers to share their best practices and collectively work toward meeting the objectives of the firm. This is an example of ___.

Correct Answer
verified

Which of the following statements best distinguishes between procedures and policies?

Correct Answer
verified

___ identifies alternative courses of action to take when things go wrong.

Correct Answer
verified

In the planning process, ___ are the specific results or desired outcomes that one intends to achieve.

Correct Answer
verified

Which of the following statements about focus is correct?

Correct Answer
verified

Company FUN, a toy manufacturer, has discovered that one of its suppliers has used lead based paint on one of its products. It is Thanksgiving week. The executive committee has assembled a team to devise a plan to mitigate the issue. FUN is using ___.

Correct Answer
verified

In business, tactical plans often take the form of operational plans that indicate how different components of the enterprise will contribute to the overall strategy.

Correct Answer
verified

When job performance is difficult to quantify, performance objectives can be stated as ___.

Correct Answer
verified

A fixed budget is defined as one that allocates a fixed amount of resources for a specific purpose.

Correct Answer
verified

Which of the following is true about the use of staff planners?

Correct Answer
verified

Exam 8: Planning Processes and Techniques

Identify and briefly describe each of the five major planning tools and techniques that managers use.

Correct AnswerverifiedThe five major planning tools and techni...View AnswerShow Answer

___ is the process of setting objectives and determining how to accomplish them.

Correct AnswerverifiedShow Answer

Which level of management spends more time with long-range planning?

Correct AnswerverifiedShow Answer

In which phase of the planning process would one choose the alternative to accomplish one's objectives and describe what must be done to follow the best course of action?

Correct AnswerverifiedShow Answer

Which of the following types of budgets plot anticipated sales or revenues against expenses?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Operational plans define what needs to be done in specific functions or work units to implement strategic plans and achieve strategic objectives.

Correct AnswerverifiedShow Answer

___ is a management function that guides the efforts of human resources to ensure high levels of task accomplishment.

Correct AnswerverifiedShow Answer

Which of the following is true of planning?

Correct AnswerverifiedShow Answer

Forecasting is a process of making quantitative or qualitative predictions about what will happen in the future; yet in the final analysis, forecasting is subject to error because it always relies on human judgment and interpretation.

Correct AnswerverifiedShow Answer

Morrison Associates, a law firm, encourages its lawyers to learn from each other about how they can handle their cases better. It encourages the lawyers to share their best practices and collectively work toward meeting the objectives of the firm. This is an example of ___.

Correct AnswerverifiedShow Answer

Which of the following statements best distinguishes between procedures and policies?

Correct AnswerverifiedShow Answer

___ identifies alternative courses of action to take when things go wrong.

Correct AnswerverifiedShow Answer

In the planning process, ___ are the specific results or desired outcomes that one intends to achieve.

Correct AnswerverifiedShow Answer

Which of the following statements about focus is correct?

Correct AnswerverifiedShow Answer

Company FUN, a toy manufacturer, has discovered that one of its suppliers has used lead based paint on one of its products. It is Thanksgiving week. The executive committee has assembled a team to devise a plan to mitigate the issue. FUN is using ___.

Correct AnswerverifiedShow Answer

In business, tactical plans often take the form of operational plans that indicate how different components of the enterprise will contribute to the overall strategy.

Correct AnswerverifiedShow Answer

When job performance is difficult to quantify, performance objectives can be stated as ___.

Correct AnswerverifiedShow Answer

A fixed budget is defined as one that allocates a fixed amount of resources for a specific purpose.

Correct AnswerverifiedShow Answer

Which of the following is true about the use of staff planners?

Correct AnswerverifiedShow Answer

Correct Answer
verified
The five major planning tools and techni...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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